|Expense Ratio (net)||0.73%|
|Morningstar Risk Rating||★★★|
|Last Cap Gain||0.00|
|Inception Date||Jul 14, 1981|
|Average for Category||N/A|
As the service sector hit its 12-year record high, we share four best mutual funds that we believe you should add to your portfolio.
Silver-rated Fidelity Select Health Care skillfully blends steady growers, fast-growing established firms with focused product lines, and emerging companies with innovative products.
Trump's new healthcare bill is expected to stabilize the overall industry, which makes healthcare funds a strong investment option.
Rising hopes of better economic growth are expected to have a positive impact on mutual funds with significant exposure to Dow components.
Some prominent U.S. fund managers are betting that former President Barack Obama's signature healthcare law will not undergo the widespread changes that President Donald Trump promised on the campaign trail. Portfolio managers from Fidelity, Gamco, Thornburg and other large firms say they see the broad outlines of the Affordable Care Act - commonly known as Obamacare - remaining intact despite Trump's signing of an executive order on Friday, his first day in office, that sought to weaken it.
Investors rely on the healthcare firms to safeguard their investments as demand for its services does not vary much with market conditions
Rising hopes of higher economic growth and strong financial position of blue-chip companies are expected to have a positive impact on mutual funds.